Making Money in Foreclosures: How to Invest Profitably in Distressed Real Estate

by Andrew James McLean

The bestselling coauthor of Investing in Real Estate reveals the secrets behind one of the hottest investment strategies available-foreclosed real estate REO (or bank-owned) foreclosures offer incredible profits-but you might be fearful of buying bad properties, or getting into bidding wars with other prospective buyers. This insider's guide to buying and selling foreclosed property shows how to reduce the risk, find top properties, and rake in the profits. It's an all-in-one handbook packed with professional secrets, such as where to find the best deals, when to make the smartest offer, and how to resell at the maximum price. Even in a fluctuating market, it's one investment that really pays off.

264 pages, Paperback

First published December 13, 2006

About the author

A former casino executive and 12-year resident of Las Vegas, Andrew McLean was a table games employee at the Flamingo, the Dunes, and Circus Circus. He's a graduate of Michigan State University, 1972, and along with his partner and soul mate, Liz (Jenny) Rouse, resides along the Gulf Coast of Mississippi.

McLean is the bestselling lead author of Investing in Real Estate (6th Edition) and co-author with George H. Ross, Donald Trump's right-hand man in Trump Strategies For Real Estate: Billionaire Lessons For the Small Investor, published in four languages by John Wiley & Sons.

Reviews

[Daniel · Rating 3 out of 5]

I enjoyed learning about foreclosures. I liked reading about the types of loans that I can use to finance a foreclosure. I also liked reading about how to check for problems in a house. I think I know more about investing in foreclosures after reading this book. I hope I do. It sounds so exciting. what else did I like about the book. Hmm. I liked the does and don't of what to do to a house. I also liked the discussion about renters. I also liked the I think they were landlord stories. How to find foreclosures chapter was good also. I liked this book. What more can I say.